10.05.2016 - ​Technical view

Currencies trading and euro. The price of EUR/USD continues to decrease gradually along the inclined resistance line and currently is trying to gain a foothold below the level of 1.1400. In case of success, the quotes may continue the decline to 1.1200. On the other hand breaking through resistance of inclined line will cause the continued growth to 1.1500. We maintain our medium-term negative outlook and in the near future, the price decline may accelerate.

Nearest resistance levels: 1.1400, 1.1500, 1,1620, 1,1750

Nearest support levels: 1.1200, 1.1050, 1.0985, 1.0900, 1.0800, 1.0700

Currencies trading and British pound. The price of GBP/USD continues to consolidate near the level of 1.4400 and can grow to 1.4500 in case of rebound from this level. On the other hand, fixation below 1.4400 will become a signal for a further decline with objectives at 1.4180 and 1.4050. Our forecast for next weeks remains negative.

Nearest resistance levels: 1.4500, 1.4670, 1.4850, 1,5000, 1,5150

Nearest support levels: 1.4400, 1.4040, 1.3840, 1.3600, 1,3500

Currencies trading and Japanese yen. The price of USD/JPY continued the upward movement after overcoming an important resistance level at 108.00. This fact was also the signal for the continuing rising dynamics with price targets at 109.75 and 111.00. In case of correction, quotes will return to the level of 108.00. Our medium-term outlook remains positive.

Nearest resistance levels: 109,75, 111,00, 112,15, 113.00, 114.70, 116.00

Nearest support levels: 108,00, 106,60, 105,00, 103,40, 100,00

Currencies trading and Australian dollar. The price of AUD/USD continues to decline along the inclined line of resistance, and after reaching the target at level of 0.7400, the closest target has become the mark of 0.7240 after overcoming of which, reduction may continue until 0.7000. In case of correction, quotations may return to the level of 0.7400. Our medium-term outlook remains negative.

Nearest resistance levels: 0.7400, 0,7500, 0.7575, 0.7700, 0,7800, 0,6000

Nearest support levels: 0.7240, 0.7120, 0.7000, 0.6840

Currencies trading and New Zealand dollar. The price of NZD/USD accelerated the fall after breaking through the level of 0.6820. As a result, quotes have overcome the inclined support line and 0.6760 that is the basis for the further continuation of the negative dynamics of quotations with objectives at 0.6575 and 0.6450. In case of correction, quotations may return to the level of 0.6820. Our medium-term outlook remains negative.

Nearest resistance levels: 0,6760, 0,6940, 0.7050, 0.7200, 0.7400

Nearest support levels: 0,6575, 0.6450, 0.6400, 0.6320, 0.6250

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.